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Mnuchin had long been considered a top contender for the Treasury post but his selection runs counter to the anti-establishment rhetoric of the Trump campaign US president-elect Donald Trump's naming of veteran Wall Street banker and hedge-fund manager Steve Mnuchin to be the next Treasury secretary quickly turned into a polarising appointment as financiers cheered the selection while watchdog groups warned that it could lead to roll-backs of crucial post-crisis regulations. Mnuchin, who was a Goldman Sachs partner before starting Dune Capital Management and later running Pasadena lender OneWest Bank, confirmed the appointment in an early morning appearance on CNBC.
Trump's transition team on Wednesday reportedly appointed two moguls - including another New York City billionaire - to the businessman-turned-President's White House team. The team chose Steven Mnuchin, a 53-year-old banker and film producer, to serve as Treasury secretary, according to the Associated Press.
Steven Mnuchin, President-elect Donald Trump's expected choice to be the nation's 77th treasury secretary, has had a long history as a successful financial executive and a shorter but significant period in a job that ushered him into Trump's inner circle: head of Trump's campaign finance operation. When Mnuchin, 53, was chosen by Trump as his national finance director in May, he told The Associated Press that the two men had been friends for 15 years.
Steven Mnuchin, President-elect Donald Trump's expected choice to be the nation's 77th treasury secretary, has had a long history as a successful financial executive and a shorter but significant period in a job that ushered him into Trump's inner circle: head of Trump's campaign finance operation. When Mnuchin, 53, was chosen by Trump as his national finance director in May, he told The Associated Press that the two men had been friends for 15 years.
WASHINGTON, Nov 29 President-elect Donald Trump is expected to name former Goldman Sachs partner and Hollywood financier Steven Mnuchin as his nominee for Treasury secretary, a source said on Tuesday, putting a Wall Street veteran in the top U.S. economic Cabinet post for the first time in eight years.
Former Goldman Sachs Group Inc. partner Steven Mnuchin has been recommended by Donald Trump's transition team to serve as Treasury secretary, according to two people familiar with the process, and the choice is awaiting the president-elect's final decision. Mnuchin, the campaign's national finance chairman, has been considered the leading candidate for the job.
Donald Trump's closing advertising message is a much more polished version of the populism he's been peddling all campaign: GOP candidates who want to win Michigan, OH, PA & the White House in the future should borrow heavily from this ad. https://t.co/X2yka7RlVS From a technical and thematic perspective it's a well made ad.
About one-third of targeted attempts to breach corporations' cyber defenses succeed but three-quarters of executives remain unaccountably confident in their security strategies, Accenture Plc. reported Wednesday in a survey of 2,000 security officers representing large enterprises worldwide.
Midway through releasing a series of damaging disclosures about U.S. presidential contender Hillary Clinton, WikiLeaks founder Julian Assange says his hosts at the Ecuadorean Embassy in London abruptly cut him off from the internet. The news adds another layer of intrigue to an extraordinary campaign.
WASHINGTON – Behind closed doors, Hillary Clinton adopted a rather more accommodating tone with Wall Street than she has on the campaign trail. In private paid speeches to financial firms and interest groups before she declared her candidacy, the Democratic presidential nominee comes off as a knowing insider, willing to cut backroom deals, embrace open trade and grant Wall Street a central role in crafting financial regulations, according to excerpts obtained last week through hacked campaign emails provided to WikiLeaks.
Transcripts of Hillary Clinton's private speeches appeared to be included in a trove of thousands of emails released by Wikileaks on Friday. The transcripts, which appear to have been gleaned from speeches given to some Wall Street firms, reveal Clinton's remarks on a number of topics that, at times, appear to be both pro-markets and pro-consumer.
The arrest of a National Security Agency contractor for allegedly stealing classified information was the second known case of a government contractor being publicly accused of removing secret data from the intelligence agency since 2013. The latest arrest came despite efforts to reform security after the Edward Snowden disclosures, especially in regards to insider threats.
A National Security Agency contractor has been arrested and charged with stealing highly classified information, U.S. authorities said Wednesday, a data breach that could result in a damaging new leak about the U.S. government's surveillance efforts. The contractor was identified as Harold Thomas Martin who worked for Booz Allen Hamilton, the same firm that renowned whistleblower Edward Snowden worked for.
European Parliament President Martin Schulz speaking during a news conference after a meeting with Colombian President Juan Manuel Santos at the Narino palace in Bogota, Colombia, in this file photo dated August 23, 2016. Colombian Presidency /Handout via Reuters Former European Commission president Jose Manuel Barroso addresses a news conference at the EU Commission headquarters in Brussels, Belgium March 5, 2014.
Goldman Sachs Group Inc. banned all of its partners from making campaign contributions to state and local candidates running for office, as well as state or local officials running for federal office. As of Sept.
Lloyd Blankfein, left, Chairman and CEO of Goldman Sachs, is greeted by former Secretary of State Hillary Rodham Clinton for a panel discussion entitled "Equality for Girls and Women: 2034 Instead of 2134?" at the Clinton Global Initiative on Sept. 24, 2014 in New York.
India-born former Goldman Sachs director Rajat Gupta's latest bid to have his insider-trading conviction overturned should be rejected, prosecutors have told an appeals court here, asserting that he got a fair trial and the jury convicted him for his "criminal" conduct. In a lengthy brief filed before the US Court of Appeals for the Second Circuit this month, US Attorney for the Southern District of New York Preet Bharara said Gupta's conduct of repeatedly tipping his business partner Raj Rajaratnam with material non-public information in "ways that furthered Gupta and Rajaratnam's shared financial interests" remains "criminal" and he is "not actually innocent".
On the campaign trail, Donald Trump, the Republican presidential nominee, has sold himself as a businessman who has made billions of dollars and is beholden to no one. But an investigation into the financial maze of Trump's real estate holdings in the United States reveals that companies he owns have at least $650 million in debt - twice the amount than can be gleaned from public filings he has made as part of his bid for the White House.
Saudi Deputy Crown Prince Mohammad bin Salman Al Saud visits the aircraft carrier USS Theodore Roosevelt in July 2015. Booz Allen Hamilton has received a $12 million U.S. Navy contract modification to continue to provide support services for the Royal Saudi Navy.
Three of the top four officials at the Consumer Financial Protection Bureau have jumped from CFPB to lucrative posts representing financial services industry firms their former agency regulates, according to a Daily Caller News Foundation investigation. The latest of the departures is Quyen Truong, formerly deputy general counsel, who accepted a position this month with the law firm Stroock & Stroock & Lavan.